Bloomberg

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The market breadth was tilted in favour of buyers. About 897 stocks advanced and 875 shares declined on National Stock Exchange.

Ten out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty PSU Bank Index’s 2.85 percent advance. On the flipside, the NSE Nifty IT Index was the only sectoral loser, down 1.2 percent.

May 14, 9:07 AM

Delta Corp Halts Six-Day Fall, Shares Jump Over 13%

Shares of Delta Corp halted a six-day decline and rose as much as 13.3 percent, the most in a year, to Rs 210.90.

Trading volume was almost 11 times its 20-day average, Bloomberg data showed. The stock traded at 22 times its estimated earnings per share for the coming year.

May 14, 9:01 AM

Stocks Reacting To Earnings Announcement

Siemens (Q4, YoY)

Stock rose as much as 4.7 percent to Rs 1,100.

Net profit up 27.6 percent to Rs 280.30 crore.

Revenue up 8.1 percent to Rs 3,550 crore.

Ebitda up 27 percent to Rs 410 crore.

Margin at 11.55 percent versus 9.83 percent.

Polycab India (Q4, YoY)

Stock fell as much as 3.8 percent to Rs 630.05.

Revenue up 15.8 percent to Rs 2,448 crore.

Net profit down 27.2 percent to Rs 137.3 crore.

Ebitda down 34.9 percent to Rs 224.7 crore.

Margin at 9.2 percent versus 16.4 percent.

Project costs up 2.8 times to Rs 128.4 crore.

Westlife Development (Q4, YoY)

Stock fell as much as 4.4 percent to Rs 349.95.

Net profit up 4.7 percent to Rs 29.77 crore.

Revenue up 12 percent to Rs 333.64 crore.

Cera Sanitaryware (Q4, YoY)

Stock rose as much as 4.1 percent to Rs 2,885.

Net profit up 23 percent to Rs 38 crore.

Revenue up 14 percent to Rs 413 crore.

Ebitda up 24 percent to Rs 64 crore.

Margin at 15.5 percent versus 14.3 percent.

Sharda Cropchem (Q4, YoY)

Stock fell as much as 2.6 percent to Rs 365.20.

Net profit at Rs 105.62 crore versus Rs 113.23 crore.

Revenue at Rs 764.35 crore versus Rs 765.88 crore.

May 14, 8:43 AM

PSU Banks Rally; Bank Of Baroda Gains Over 4%

The NSE Nifty PSU Bank Index rallied over 2 percent, led by the gains in Bank of Baroda, Punjab National Bank and Oriental Bank of Commerce.